Question: ACO Industries established a sinking fund inorder to accumulate Php 50,000 by depositing equal amount of money at the end of every year for 3

ACO Industries established a sinking fund inorder to accumulate Php 50,000 by depositing equal amount of money at the end of every year for 3 years , If the fund was earning interest at 8% compounded quarterly, construct a sinking fund schedule to illustrate details of the fund: FV:50,000.00, r:8%, t:3, period:4, Payment_____. Payment Schedule 1, Payment:16337.73,Interest Earned:0, Increased in Fund_____,Fund Balance_____Book Value_____, Payment Schedule 2; Payment____,Interest Earned_____,Increased in fund____,Fund Balance_____, Book Value_____.Payment Schedule 3, Payment_____Interest Earned____Increased in Fund____, Fund Balance_____, Book value:0

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